Mayr-Melnhof Karton AG (LTS:0NZ7) Receivables Turnover : 2.68 (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Mayr-Melnhof Karton AG Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Mayr-Melnhof Karton AG's Revenue for the three months ended in Sep. 2024 was €1,025 Mil. Mayr-Melnhof Karton AG's average Accounts Receivable for the three months ended in Sep. 2024 was €383 Mil. Hence, Mayr-Melnhof Karton AG's Receivables Turnover for the three months ended in Sep. 2024 was 2.68.

Mayr-Melnhof Karton AG Receivables Turnover Historical Data

The historical data trend for Mayr-Melnhof Karton AG's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mayr-Melnhof Karton AG Receivables Turnover Chart

Mayr-Melnhof Karton AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.47

6.06

6.41

7.57

7.71

Mayr-Melnhof Karton AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.53	1.87	2.54	2.56	2.68

Competitive Comparison of Mayr-Melnhof Karton AG's Receivables Turnover

For the Packaging & Containers subindustry, Mayr-Melnhof Karton AG's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mayr-Melnhof Karton AG's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mayr-Melnhof Karton AG's Receivables Turnover falls into.

Mayr-Melnhof Karton AG Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Mayr-Melnhof Karton AG's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	4164.403	/ (	(695.242	+	384.512)	/	2 )
=	4164.403	/	539.877
=	7.71

Mayr-Melnhof Karton AG's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1024.868	/ (	(374.357	+	391.81)	/	2 )
=	1024.868	/	383.0835
=	2.68

Mayr-Melnhof Karton AG (LTS:0NZ7) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Mayr-Melnhof Karton AG Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mayr-Melnhof Karton AG's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mayr-Melnhof Karton AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mayr-Melnhof Karton AG (LTS:0NZ7) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MYM:Germany MYM:Germany MYM:Germany MYM:Germany MMK:Austria

Address

Brahmsplatz 6, Vienna, AUT, A-1040

Website

https://www.mm.group

Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.

Mayr-Melnhof Karton AG Headlines

No Headlines